DFAC(SH:600006)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 9,942,152,224.73, an increase of 7.57% year-on-year[11] - Net profit attributable to shareholders was CNY 332,033,012.24, down 19.76% from the previous year[11] - Basic earnings per share decreased by 19.77% to CNY 0.1660[11] - The weighted average return on equity was 4.60%, a decrease of 1.43 percentage points year-on-year[11] - The company reported a decrease in net profit due to increased operational costs and market challenges[11] - Total operating revenue for Q3 2019 was approximately $3.18 billion, a decrease of 7.9% compared to $3.45 billion in Q3 2018[54] - Net profit for Q3 2019 was approximately $79.38 million, down 32.1% from $117.00 million in Q3 2018[57] - The company reported a total profit of approximately $75.72 million for Q3 2019, down 9.3% from $83.90 million in Q3 2018[57] - Comprehensive income for Q3 2019 was approximately $79.38 million, compared to $91.52 million in Q3 2018, reflecting a decrease of 13.2%[60] - Net profit for the first three quarters of 2019 was ¥466.73 million, up 70.1% from ¥274.47 million in the same period of 2018[66] - The total profit for the first three quarters of 2019 was ¥466.45 million, a significant increase from ¥251.25 million in the same period of 2018, marking an 85.6% growth[66] Cash Flow - Net cash flow from operating activities was CNY -1,827,998,090.91, a decline of 139.47% compared to the same period last year[11] - The net cash flow from operating activities was negative at RMB -1,827,998,090.91, a decline of 139.47% compared to RMB -763,337,640.69 from the previous year[28] - The cash inflow from investment activities in the first three quarters of 2019 was ¥3.49 billion, down from ¥4.87 billion in the same period of 2018[73] - The company’s total cash inflow from operating activities was CNY 8,541,439,300.94, while total cash outflow was CNY 10,386,221,013.72, leading to a net cash flow of negative CNY 1,844,781,712.78[78] - Cash outflow from investment activities totaled CNY 2,076,006,332.60, compared to CNY 5,083,687,155.99 in the previous year, indicating a decrease of approximately 59.3%[78] - Cash inflow from financing activities was CNY 1,264,494,790.61, with cash outflow totaling CNY 706,541,244.87, resulting in a net cash flow of CNY 557,953,545.74[81] Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,633,200,120.10, a decrease of 5.08% compared to the end of the previous year[11] - The total assets decreased from RMB 19,629,713,383.51 to RMB 18,633,200,120.10, reflecting a reduction in overall asset value[39] - The total liabilities decreased from RMB 16,200,000,000 to RMB 15,000,000,000, indicating a reduction in financial obligations[39] - Total liabilities decreased from ¥12,168,498,930.88 to ¥11,028,945,713.36, a reduction of approximately 9.35%[40] - Current liabilities decreased from ¥9,421,982,315.23 to ¥8,840,898,939.12, a decrease of about 6.16%[48] - Non-current liabilities increased from ¥408,093,943.89 to ¥436,456,549.32, an increase of approximately 6.67%[48] - Total current assets decreased from ¥12,407,337,205.24 to ¥12,206,579,408.17, a decrease of about 1.62%[45] - Total equity increased from ¥7,461,214,452.63 to ¥7,604,254,406.74, reflecting a growth of about 1.91%[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 132,585[20] - The largest shareholder, Dongfeng Motor Company, held 60.10% of the shares[20] Operational Costs - Sales expenses rose by 28.75%, from RMB 417,515,288.53 to RMB 537,530,591.16, primarily due to increased transportation costs and net claims[27] - Financial expenses decreased by 29.44%, from RMB -19,495,077.08 to RMB -25,234,270.43, mainly due to increased interest income[27] - Research and development expenses in Q3 2019 were approximately $63.98 million, a significant decrease of 51.4% compared to $131.79 million in Q3 2018[54] - The company’s sales expenses increased to ¥130.85 million in the first three quarters of 2019, up from ¥89.73 million in the same period of 2018, reflecting a 45.8% increase[63] - The company’s management expenses decreased to ¥283.68 million in the first three quarters of 2019, down from ¥304.64 million in the same period of 2018, indicating a 6.9% reduction[63] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[56]